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Committee votes to issue RFP for city auditor on a five-year cycle with up to two-year extension
Summary
The committee voted 8–0 to establish a policy to issue an RFP for the city's external auditor every five years with an optional two-year extension; the current contract with the incumbent firm will be rebid next year under that timetable.
The Finance and Budget Committee voted unanimously to issue an RFP for the city's external auditor on a five-year cycle with an optional two-year extension.
Council member Kelly moved the recommendation and committee members discussed typical practices for auditor selection. Members cited competitive pricing, independence and partner/manager rotation as reasons to rebid periodically; others noted audit procurement can be time-consuming and that many peer communities retain auditors for multiple years while rotating engagement partners.
Committee member Newson (audio variation of name in the transcript) noted the city’s current auditor arrangement has extended for many years but said regular rebidding is a common best practice. The motion was adopted 8–0; staff said the next auditor RFP cycle would occur in 2026 under the adopted approach and that the incumbent firm would be able to respond to the RFP.
Votes at a glance: Motion to issue a new RFP for the city's external audit services on a five-year term with up to a two-year extension passed 8–0.
